The Manufacturers Life Insurance Company Invests $110,000 in Gold Resource Co. (NYSE:GORO)

The Manufacturers Life Insurance Company bought a new stake in shares of Gold Resource Co. (NYSE:GORO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 315,978 shares of the company’s stock, valued at approximately $110,000.

Separately, Renaissance Technologies LLC increased its position in Gold Resource by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,496,390 shares of the company’s stock valued at $559,000 after purchasing an additional 95,300 shares during the period. 18.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Gold Resource in a research report on Wednesday, December 11th. They issued a “hold” rating for the company.

Gold Resource Stock Performance

GORO stock opened at $0.16 on Tuesday. The business’s 50 day moving average price is $0.22 and its two-hundred day moving average price is $0.34. The company has a market capitalization of $15.49 million, a price-to-earnings ratio of -0.33 and a beta of 1.60. Gold Resource Co. has a fifty-two week low of $0.12 and a fifty-two week high of $0.71.

Gold Resource (NYSE:GORO) last released its earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.06). Gold Resource had a negative net margin of 61.31% and a negative return on equity of 35.25%. The business had revenue of $13.27 million for the quarter. Sell-side analysts forecast that Gold Resource Co. will post -0.38 earnings per share for the current year.

Gold Resource Company Profile

Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. Its principal assets are the 100% owned Don David gold mine and Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan.